Amir left a large company to start his own firm. Which of the following is he more likely to rely on for financing in the early stages?
A) Bank loan
B) IPO
C) Retirement savings
D) Bond sales

Question

Quizplus · Accepted Answer

Amir is more likely to rely on personal savings, such as retirement savings, for financing in the early stages of starting his own firm, as access to bank loans, IPOs, and bond sales typically requires a more established business history and creditworthiness.

Amir Left a Large Company to Start His Own Firm